Sunday, June 13, 2010

Market On The Verge Of A BREAK-OUT

Past few weeks NIFTY(CMP-5119.35)was too volatile.It was driven mainly by global markets(esp.American markets).This week I feel NIFTY should close above 5136 for a target of 5365 with STL of 5018.For this I would like to recommend...
1.)L&T (CMP-1677.3)- Buy for a target of 1800 with a STL 1593.
This time I would like to recommend you BANKEX(CNXBK.NES) for people who trade in Derivatives.
CNXBK.NES(CMP-9451.75)-Should close above 9456 for a target of 9726 with a STL of 9345.


(***Dealing in derivatives is risky if you don't have any knowledge)

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